SMRT Roads announces Joint Venture with Hailo Network

SMRT Road Holdings Ltd (SMRT Roads) today announced a Joint Venture Agreement with London-based taxi mobile application developer Hailo Network Holdings Limited (Hailo Network) to form Hailo Singapore Pte Ltd. Under the agreement, a taxi booking application will be introduced to passengers and taxi drivers in Singapore.

Mr. Benny Lim, Managing Director of SMRT Roads, said "The Joint Venture supports our existing efforts in SMRT to provide enhanced travel experience for our passengers. The integration of Hailo Network's expertise in taxi booking systems and SMRT Road's experience in taxi operations and fleet management, offers a seamless taxi booking experience for our passengers and taxi drivers in Singapore."

Mr. Ron Zeghibe, Executive Chairman and Co-Founder of Hailo Network, said “Hailo's mission is to make taxis work better for both passengers and drivers all across the world. Founded in 2011, Hailo is a global service with extensive operations in Europe, North America and Asia. By partnering with SMRT Roads, we are combining the best-in-class Hailo app with the resources needed to provide a new level of choice, quality and service for Singapore. Hailo is here for the long term and is excited to be working with SMRT, the leading multi-modal public transport operator in Singapore.”

Targeted for launch in Singapore next month, the Hailo taxi booking application offers passengers fuss-free cashless payment. Passengers can register their credit cards with Hailo and receive e-mail receipts at the end of their trips. This shortens the time required for the processing of payment, for both the passenger and taxi driver. With just a few taps, users can book and track their taxi’s arrival through a real-time display.